Interesting Bitcoin price prediction from NBA legend Scottie Pippen

TL;DR

Scottie Pippen sparked excitement by sharing a dream where the mysterious creator of Bitcoin, Satoshi Nakamoto, predicted that the cryptocurrency would reach a new ATH in November. Possible catalysts for a Bitcoin rally include a rate cut by the Federal Reserve and the pro-crypto stance of leading US presidential candidate Donald Trump.

The dream with Satoshi

Scottie Pippen, considered one of the greatest basketball players of all time, revealed to his more than 600,000 followers on X that he had a dream with the anonymous creator of Bitcoin (BTC), Satoshi Nakamoto, who predicted that the price of the leading cryptocurrency would have reached $84,650 on November 5 this year.

Satoshi Nakamoto visited me in my dream last night and predicted it #Bitcoin would be $84,650 on November 5, 2024. Not financial advice.

— Scottie Pippen (@ScottiePippen) September 3, 2024

The post received mixed reactions, with some describing the forecast as a possible target. X Big Tom Callahan, for example, said:

“Michael Jordan trusted you, so I will trust you. BTC.”

Jordan and Pippen were part of the dream team of the Chicago Bulls in the 1990s, when the club won six NBA championships. Other X users, however, were baffled by the post, with some surmising that Pippen’s account may have been hacked.

The price of Bitcoin is currently around $56,800, which means it needs to rally 50% in two months to reach the dream goal.

One major factor that can trigger a bull run is a potential pivot from the US Federal Reserve. America’s central bank is expected to cut interest rates after its next FOMC meeting, scheduled for September 18, following the example of the Bank of England and the European Central Bank that are already lower the reference.

Lowering rates will make it cheaper to borrow money and could increase investor interest in risk assets such as BTC.

It is worth noting that the US presidential election is scheduled for November 5. The outcome of the vote could have a major impact on the cryptocurrency market, as one of the main candidates, Donald Trump, has shown a pro-crypto stance lately, which is promising. to let the industry flourish.

Specifically, he expressed his desire for the United States to become the global leader in cryptography and establish a national strategic reserve of BTC. According to current estimates, Trump has the advantage, collecting 51% of the vote compared to 47% of his main opponent, Kamala Harris.

Other BTC bulls

The list of analysts predicting an upcoming rally for the leading digital asset stretches far and wide. Popular user X Crypto Rover recently claimed that the BTC bull market is “imminent”. He based his prediction on the halving that took place in April this year, which is usually a precursor to a resurgence in prices.

Titan of Crypto also jumped in, imagining that BTC will rise to $120,000 in the coming months. The analyst believes this is possible due to the high levels of “fear, disbelief and anger” that have reigned in the crypto space lately.

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